International Battery Metals Ltd (IBATF)

[bb221]

Integra Seeks To Buy Russian Refinery Close To Ukraine Rebels

Small Swiss-registered trader Integra SA, headed by former Deutsche Bank executive Michael Maltzoff, is understood to be seeking finance to acquire a Russian refinery close to Russian-backed rebels areas of Eastern Ukraine. The company, which has operations based in Moscow, was in talks with a number of banks and investors in February and March, but these were interrupted by the COVID-19 pandemic and Maltzoff himself was thought to have been ill with COVID-19. The talks may resume soon, a source says.

There is speculation that Matlzoff, who is sometimes resident in Spain as well as Switzerland, is backed by a Russian oligarch and may be pursuing the refinery to supply Russian rebels with automotive fuels and other products. Apart from the refinery project, Matzoff has held talks on oil supply with Iran and has also taken an interest in lithium.

https://anonymousoiltrader.com/144-2